Noranda to earn 51% in Queenston’s bet
Noranda Exploration, a unit of Noranda (TSE) recently agreed to earn a 51% stake in Queenston Mining’s (TSE) Pawnee gold property in Kirkland Lake, Ont., by spending $1.1 million on exploration over f…
News
Mazarin drilling at 3 properties
A $650,000 exploration program involving 25,000 ft. of drilling is under way on three properties in Quebec’s Abitibi region, Societe d’Exploration Miniere Mazarin (ME) reports. Work at the Wilco prope…
Rockford, Tyranex
Rockford Minerals (TSE) has acquired a 48% interest in Tyranex Gold (COATS) under the terms of a takeover bid. Tyranex shareholders tendered 652,900 shares to Rockford on the basis of one common share…
Analysts remain bullish on gold in 1990
The price of gold closed last year at about the same level as it started, around US$400 per oz. As heartening as that may be to some, the real story is the precious metal spent most of the year tradin…
Integrated stalled in bid to win 51% stake in Northern
Edmonton-based Integrated Resources (ASE) says that securities regulations have prevented it from acquiring a 51% stake in Northern Minerals (TSE). Under the terms of an offer which was scheduled to e…
VSM and Serem option Orient bet
An option to acquire a 60% interest in the Grevet property of Ressources Orient (ME) near Matagami, Que., has been reached in principle with Serem Quebec and Exploration VSM (ME), Orient reports. The …
McAdam has funds for Spud Valley work
Toronto-based McAdam Resources (TSE) has secured $200,000 in flow-through funding to continue exploration work at its Spud Valley gold property on Vancouver Island, B.C. The $200,000 is being raised b…
Photo by George Onuska (January 15, 1990)
Head table guests at the annual dinner of the Canadian Mining Hall of Fame were, from left, Lionel Kilburn, Richard Gardner, Norman Keevil Jr., Viola MacMillan, Maurice Brown, Robert Ginn and John Laf…
Vancouver Stock Exchange Metals prices get close watch
With the equity markets in a back-to-business mode after the holiday season, brokers and investors are keeping a close eye on prices for precious and base metals. Gold prices appear to be once again b…
IOCC GOLD OPTIONS (January 15, 1990)
Options Open Series Volume Last Interest Feb. 400 C 452 13.00 2,344 Feb. 410 C 191 7.60 1,563 Feb. 420 C 219 5.20 2,800 Feb. 430 C 501 2.70 2,832 May 400 C …
Horne acid plant up and running
The new $160-million sulphuric acid plant built by Noranda (TSE) at its Horne division custom copper smelter at Rouyn-Noranda, Que., was placed into operation in late December. Constructed over a 2-ye…
Metal Prices PRODUCER PRICES (January 15, 1990)
ALUMINUM: MW U.S. Market US74.00 cents – 75.00 cents per lb. (Jan 4, 1990). ANTIMONY: New York dealer US81 cents -84 cents per lb. (Nov 30, 1989). BISMUTH: New York dealer $4.40-$4.50(US) per lb. (De…